According to Xchanging, insurers are under increasing pressure with highly competitive markets and an increasingly demanding regulatory regime, driven by Sarbanes-Oxley and the FSA. Xchanging says its service-oriented technology architecture is a method of building business processes through the linking together of a number of related services into a comprehensive business solution.
In partnering with technology giant, Microsoft, Xchanging expects to improve upon the business functionality of Genius by deploying the solution on a Microsoft .NET platform and thus making it relevant to a wider community of insurance users.
David Andrews, Xchanging CEO, said, Genius is already used by 70 insurers in 23 countries. So, we are taking what is already recognized as a world-class solution, extending functionality, partnering with Microsoft and modernizing the technology to make Genius the best global straight-through processing answer for the general insurance sector.
